Biotech is down 3 . A lot of this is politics and the unknown there but also these stocks were super, super great performers over the last five, six, or seven years and i still think theyre pretty overowned so i think that you can actually, based on the bull packs, i think you can start to look at some of the bio techs and i do still think you juan to find special situation stories. Either new management teams or companies that have gotten hit really hard from currency so im kind of looking at Something Like an abbott labs. A back administer. At a United Health care im not in a rush to buy the bio techs until we get more clarity these are the poster children for the move from growth into value. It condition be all about politics. Yes, Hillary Clintons tweets may have started the clyde but it cannot be all about politics as to why these stocks cant do anything. Right. Well, its what happened with valeant and having it go from a 30 billion stock at the beginning of the week to 9 billion. Theres a lot of ugliness in the space and and this week i bought bristol myers. I was out of it the next day. Those were bio techs but i was trying to pick the safer picks and even those blew up. The only trade that did it all was buying when we got down to the Double Bottom around the 240 level. Did you buy regeneron. No wasnt me but i am already out of it. Im shortening my name frame. Still shortening the towel here or look for opportunity. Im amazed when you think about 85 still above the shortterm moving average which is incredible to have that much of the market that close to at least the year high and then you have the market that doesnt seem to want to play. The xlv is hanging in there a little bit better so theyre having more of a rebound its now sitting on 240 which was the february 11th low and i wouldnt be shocked if it did so i would just basically say maybe focus on the big pharma. These names are on the distribution and i think that the messages Earnings Growth does not automatically equal stock gains and the short squeeze elsewhere. Its a great example. Theres money continuing to come out of the space and go into areas like the banks. The bank etf is up like five straight weeks. Airlines are doing well. The transports are up nine weeks in a row. Right. Well, if you want to focus on banks for a second while they are up in recent history theyre down year over year. Its been a very difficult place to invest. I do think youll see future gains there. And that doesnt mean that they go up just because they pointed that out or i said that. It may take time for the bottom to form most of the sectors dont have earnings. I think 50 of it is the top 8 or 9 names and they do have earnings isnt the message that money is just going elsewhere . Its going into discretionary and materials and industrials in the banks and other places tech and what have you. Its not going into these areas right because the dollar peaked or seems to have peaked. Oil is stabilizing going up. Those are hard to get through in january of this year and they created volatility. So you have people going into value versus growth and going into value sectors and even financials. What turns it around, right . Why should we believe that this trend will turn around any time soon . But there is value in health care but they dont have to worry about a political candidate coming out and saying xyz company and running a commercial saying were going to rush you i think the pharmaceutical companies will benefit as the dollar comes down and guidance through the year should improve and theyre very healthy balance yields. Thats where they will go to when they go to. Theres a perception growing that manufacturing in the u. S. Is coming back but thats coming back. Its positive as the folks were saying. Its up 10 ahead of the big event on monday. Is the worst for apple over or not . Its a waiting game so the worst isnt over yet. You dont think we saw the bottom in apple for the year in. Well yes but it wont be over for a long time and then the Sales Numbers wont be available until the next quarter so thats a long time to wait but josh when he and i argued about, you know, whether or not the fbi probe and all the rest would really hurt the stock when it was 96 as soon as it got to 100 i bought it. Who would have thought it would have helped it maybe . I dont think thats what driving apple here. It may not be driving but didnt hurt the company. More risk to the down side than up. If the Consumer Staples are going to rally it makes sense for apple to rally along with them. In many senses of that term staple its become one we have iphones but we continue to buy them and continue to upgrade. The itunes ecosystem, et cetera, et cetera, and so why should apple be the cheepest consumer staple. Why should they sell it at 9 or 10 times cash when people are paying 18, 19, 20 or clorox and kimberlyclark. Maybe it doesnt make sense to sale a consumer tapel type name like apple at 9 or 10 and you can tell me that tech is not a state, i get that. They have no competitors for what they do. Its the whole value conversation. A true value player thats underweight apple is now in it. As it goes boz tif on the year up 10 in a month. What is alphabet year to date or one month . Its up six. Its okay. Amazon is up 7. Thats fine. But apple is outpacing and i wonder if its for other reasons. I do think some of the fang money is going into apple. I think expectations got just too low in the 90s. This is a great growth story. Its not the hyper growth story that it was but still a great growth story and great product story as josh just mentioned and i dont like the set up into monday because its up so much into it and i dont know if this is going to be a needle mover to be honest with you but i like their cash position. I think theyll return it to shareholders. I see a catalyst in the second half of the year and im willing to wait at 8 or 9 times x cash. Theres a debate as to whether it is a Growth Company or not and for the last several months when it got down into the 90s people are saying it is a consumer staple and the growth is gone. However and in the last week Morgan Stanley came out with a note saying their channel checks are showing that iphone sales are higher than people expected. Thats where people are starting to focus that there may be growth yet ahead in apple. Quick programming note. Be sure to stay tuned to mondays show. Well be joined by the number one tech analyst on wall street. Hes going to break down the apple trade just ahead of that big event and of course cnbc will have a big team out there as well covering it. Heres whats coming up on the halftime report. Still ahead buy and hold. Its like people only do things because they get paid. Were paying the long game. Find out where he is finding value in energy and more. Plus, diamonds. High end hotels and casinos. Lots of luxury stocks on the move today. Well at the you how to trade the news. And its quadruple witching day john unveils what he wants to buy with all of his extra cash from todays options expiration. Its all coming up on the halftime report. In new york state, we believe tomorrow starts today. All across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. Like in rochester, with worldclass botox. And in buffalo, where medicine meets the future. Let us help grow your companys tomorrow today at business. Ny. Gov hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Implts welcome back. I have break news on the lawsuit against sumner red stone. The judge right now is hearing arguments in the case to unseal documents but the judge has already issued a tentative ruling to unseal certain documents in the case with the exception of medical records. The documents might include logs from his house and about red stone state as well as the declaration from sherri in support of missing this case and they should not have to make public the significant medical ailment and in order to control his own Health Care Decision and right now the lawyers represenning the press say this is a unique situation. Well be back to hear whether its made official and also whether we might get access to these documents. Back to you. All right. Julia in los angeles. Smart money endured its fair share of pain this year as hedge funds were down 6 coming into the week. Obviously a big shake out t. Way i have been putting it is the market stumped the smart money lately. As you say, off to a very rough start. I would say down twice as much as the market was heading into this week. I dont think this rally necessarily played to hedge fund strength. Equity focused hedge funds have not gotten that much better in march. Everybody talked about bill ackman being buried by that Valeant Pharmaceuticals stake and really the pain is much more widespread thats been the most punished crowded trade of the year. They also track thats those overly owned stocks. Down 6 year to date though the stocks that are least owned by the way by hedge funds up 2 . So if hedge funds dont like the stock they have been up. If they love the stock they have been down. By the way, the most heavy shorted also out performing the market this year. Its late cycle activity. We came into last year. The market was pretty well picked over and you had people crowding into the same names and then you had the activist focus funds that their magic doesnt work quite as well when credit mashlths arent there and you cant do quite as much Financial Engineering and the big question is is this a storm thats going to be weathered or are they going to be able to take some advantage of the kind of mispriced assets that its produced. Well, our next guest has a longterm track record even though the last year or so has been a challenge as the environment has grown more volatile. He runs a firm at lyrical partners. You hear what he was talking about and we mentioned your track record but speak to the environment that were in that you and your contemporaries have been in thats been a challenge to say the least. Especially for long only funds. Yeah and more so for time when fundamental value is in favor even though its clearly out performed and we are in a period but from june of 2014 from the way we see it until february 11th you just had a long period where fundamental value was under performing as opposed to out performing but they happened at various times. What do you do when you throw your hands up and youre like nothing works . Nothing is working. How do you handle that. What works best is you wait. And the only thing you can do is wait. Anything else will probably only makes things worse. Its growing louder as to whether its back. Diamond bottom, we refer to it when you talk about the financials but theres other indications within that period that maybe that was a significant day. Whats your take on that question whether value is, in fact, back for good. I think its back. Its not something were really sure about. Market timing and things like that, thats not our specialty. Our specialty is analyzing businesses and figuring out what theyre going to earn. But given how long the period of value underperformance was, the timing lines up nicely, these period of under performance last 28 months or 24 months at the long side and were about 21 months all the way through this so it fits well with the timing. The strength of the recovery has been strong. We had spectacular returns to undervalued stocks since that february 11th bottom so it seems to fit. Is it going to be high or low quality value . Off the bottom it was low quality that started to out perform in value land and high quality stocks rebounded a lot too. Im worried about the 33 that we own and as long as they go up i dont care what else is going up with them. Hang on. Im sorry. Its interesting that you say the 30 or so stocks that you own, you have a concentrated portfolio. You dont do that much trading. You did make a recent move. You said when i asked you what do you do, how do you handle some of the situations that exist within the market you said you wait. You also look for value and you found it. Tell me about it. Its a stock that im not sure that we talked about on this program. And almost all of your viewers have a product in your house. They make equipment used for providing Cable Television. They make set top boxes and if youre watching cnbc on your ipad and getting it through the data they make those gateways so about half their profits come from customer equipment. The equipment in your house to get high speed data and Cable Television and the other half of their profits come from the equipment at the Cable Companies end. Im sure. How do you separate a cheap stock from something thats going to go away. They were cheep the whole way down up until recently. Whats the one thing that if you can think of one thing that helps you separate those two things. Ill give you two things, if thats okay. Its up to scott. So when i have looked at the history of all of the stocks that i have owned what i noticed is one, if i separated all the value stocks i own between those that are good businesses, those that generate high returns on invested capital and those that are bad businesses we get a lot more of the good businesses right. Good businesses make us look smarter and we get a lot more of them right and the other thing that i noticed is when we stick to the easy businesses, the ones ee siz to analyze we get more of them right. We dont own any coal. Well take a quick break and come back and talk about more stocks this is the bull case. The cable boxes are so linked to the Cable Television universe. Isnt that an issue . Its an issue but i think for the cable tv customers its a bit of a fake issue. Cord cutting is and theyre more competitive like apple tv and other alternatives to cable. They arent going to give up on that fight. Theyre going to fight really hard too and theyre the arms dealer to the Cable Companies and so if cable needs, in the past when they din have competition they could leave you with a lousy guy or product. Now they need to be competitive. They need great guides and great product and they are the product supplier. Well take a quick break. Theyre on your screen there on the move. More with andrew wellington including his top four value picks in energy and the companies he calls unbelievable bargains. Plus going global. A fund manager with 45 billion in assets making the case for the emerging markets and as we head to break, a look at the dow heat map. Up 115. 2thirds of 1 . Were back after this. Environment, an everg Companies Must adapt. But one thing should remain constant a financial relationship with someone that understands and cares about your business. Pnc corporate and Institutional Banking offers strategies tailored to your companys needs. Know that our dedicated teams of local experts offer insight to help you achieve your business objectives. See how working with pnc can help your company grow at pnc. Com ideas today, were seeing new technologies make healthcare more personal with patientcentric, digital innovations; from selfmonitoring devices that can interpret personal data and enable targeted care, to Cloud Platforms that invite providers to collaborate with the patients they serve. Thats why over 90 of the top 25 Global Pharmaceutical Companies are turning to cognizant. Our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way Clinical Research sites collaborate with pharmaceutical companies, and enhancing Patient Engagement with innovative platforms and solutions. Our populations growing healthcare needs present growing opportunities for our clients to advance the future of medicine with digital, and improve the quality of lives. We are back talking value and growth. Is there value to be had until the energy path . There is. Theres also a lot of uncertainty with whats going on with the price of oil but we own a small number of very high Quality Energy stocks that we think are at bargain prices. Eog is one of them . Eog may be the very best operator in the energy space. They essentially invented the whole concept of fracking and horizontal drilling and enjoy all the first mover advantages. So i know steph you owned it as well. Yes. Right . What about the push back of just sort of where prices are, where net gas prices are. Where the political conversation is, how does that factor into this stock . This was the one. Maybe im thinking of something else. It is a blue chip and you want to have some exposure in the enp space. I look at their assets and what they own. You have great assets. Probably the best. Their technology is also extremely amazing and superior than their competition and the only question i have andrew is that they vn done a secondary and everybody else has done a secondary. You think that maybe they have to do one . Or might they just do one just to sure up their Balance Sheet better than what it is. I dont think they would want to issue shares at this price and the Balance Sheet is very strong and their cost of production are low so they don need to raise the capital. What about some of the issues that i raised about where prices are in this space and just the whole political environment around fracking as well. Well, i have been doing this for 20 years and i have yet to own a perfect stock so theres always risks in the backdrop and we dont think they rise may not be perfect but if theres a perfect storm around it, you could have a problem. We could in which case 97 of our portfolio is not invested in energy. Good point. Point taken. You like both . We do. We rarely own two companies from the same industry but they represent such extraordinary values that we decided to own both of them. While they are pretty similar to the marketplace, the stock stories are a little bit different. They have been performing at an exceptional level. Reporting record margins. The company had record profits last year. And it just trades at a very low price. Less than ten times earnings. On the rental Car Companies i noticed that the earnings this year seemed to be going down compared to the record earnings levels last year as well as the estimates being revised downward for both companies. What gives there. What is going on. Theres been softness in the travel markets. You have seen that in hotel companies. So yes, conditions are soft. I wouldnt describe them as weak. If they meet their guidance for had year. Theres also a head wind from some currency from their overseas operations. How much from uber . I talked about cord cutting being a fake issue with Cable Companies. Is it a fake issue with these guys . Its a fake issue for this. Its having a negligible impact on these businesses. They have gone through extensive data to show, first of all the average karenal is four days and 450 miles. Uber is not a substitute for that. No, its not. Only a tiny fraction. One teheck of a search pricef it was. Only about 3 are for one day. Only 3 for 50 miles or less and theyre also holding steady. Can i get you quickly just to talk before we go about western di dprks . We had the case for seagate over western dig. Do you take the other side of that trade . Seagate is a great stock but we think Western Digital is better. And and what is different is inside the company thats going to generate 650 million in savings over the next few years. If that sounds like a lot of money, it is. And then its been controversial but the acquisition to sandisk should generate another half a billion dollars which they expect to be over half a billion dollars. Thank you for seeing us. European markets are closing now and simon hobbs is at the nyse with that story. Stocks in europe making moderate gains. A scattered recovery in some export plays and gains by banks leading the way this weeks rise in the euro as a more dovish fed weakened the dollar. Today comments from the chief economist bringing the single currency back down. Peter is saying that the bank could cut rates further into negative territory if needed and then you have draghi chiming in and reiterating that rates will remain current or lower levels for an extended period of time. Meanwhile in part because of the stronger euro, stocks are down for the week overall. The broad stock 600 index just losing there when the s p 500 is up top gainer today, the edf. After the finance minister said that they might sell other assets in order to fund its recapitalization. As you maybe aware, scott, edf recently lost its cfo over its continued commitment to build a 26 billion Nuclear Plant in the u. K. Which arguably it can ill afford as a centerpiece of its continued business dealings from china. Like wise to you. Coming up dont look now but emerging markets. October of 2011. Find out where a top em fund manager is putting his 45 billion to work next. Its a drone you control with your brain, which controls your thumbs, which control this joystick. No, im actually over at the ge booth. Were creating the operating system for industry. Its called predix. Its gonna change the way the world works. Ok, im telling my brain to tell the drone to get you a copy of my resume. Umm, maybe keep your hands on the controller. Look out ohhhhhhhhhh. You know what, im just gonna email it to you. Yeah thats probably safer. Ok, cool. Woman man yes. A newspaper . Woman its quaint. Man did you read about this latest cyber attack . Woman yeah, i read it on my watch. Man funny. Woman they took out the whole network. Man they had to hand out pens and paper. Woman yeah. Man could it happen to us . Woman no. Were okay. Man we are . Woman yeah, we brought in some new guys. Man what do they know that we dont . Woman that you cant run a country with pens and paper. Its not just security. Its defense. Bae systems. Implts welcome back. Developing stories in brussels now a situation that involves a raid in brussels and its thought that the mastermind or one of the chief people that put together the terror attacks in paris in november maybe wounded in an apartment yesterdays raids resulted in several arrests. Todays raid we understand has one arrest and this person that they believe is one of the chief people to put together the attacks may be wounded. The belgian newspaper is monitoring this and it does show Police Activity in that particular area of the city. So were following it right now. Theres reports that police are involved in an active raid and theres some calling it an active shoot out which could involve a prime suspect in the paris terror attacks which occurred in november and killed 130 people including 89 at the theater. The suspect that they believe is either wounded or hulled up and been hunted by police since that november attack. They have thought several times that they had him corned. Just yesterday there was a break in the case because when they did the raid in brussels they found his fingerprints. Its unclear how fresh the finger pr fingerprints are. Whether he was in that apartment some time ago or whether they are fresh. Right now they do think they have him according to various sources. Wounded and up in brussels. Scott were continuing to follow the story. Im going to keep you up to date on it and ill send it back to you brazil, russia, india and china, they are impressive. They are. A dramatic reversal in the emerging market story thats the etf. Now up about 12 just this month. Fund managers allocation toward emerging markets is now at a 10 month high. If we break down where were seeing the big wins take a look at china. Up 10 in march. India, russia and brazil up 22 . So what is behind the rally. Well, a couple of macro factors. The fed holding off on raising rates plus the rebound of base medal prices in oil and indias annual budget helping with stocks. Russia being helped by the rebound in oil said inflation is retreating and gdp will turn positive in late 2016 and brazil a big rally there and thats the political story the president will be impeached and has driven brazilian assets higher. We have seen the stock marktd surge but take a look at the currency. Remember it was the worst performing global currency in 2015. Its up 9 . Rising hopes that a new government will bring in new reforms for brazil. Thank you so much. Really huge gains and sticking with that story, where are the best places to invest overseas right now. He is the lead Portfolio Manager as well. Welcome. Its good to see you. Thank you. Tremendous gains. Have we missed it . Are they all in . Is there still more ahead . No, were moving from this period of dispair and desperation to this period of hope and optimism and as with any Market Movement that runs ahead of reality so well get a reality check. It was a little bit of overexuberance going on here . The markets havent done much now for several years. Well start to look forward and well start to have hope and thats just the beginning of it but to the critical part of your question we vn missed anything. When you say theres a reality check in store, what is that going to look like . The reality check is kpast existed. People are digesting slowly and a little bit of overoptimism that growth has slowed. Growth slowed for a number of reasons. We experienced a downturn plus a slight structural growth slow down on top of that so theyre very attractive Growth Markets and will be the better place to be but we need to adjust to the Profit Growth theyre not going away any time soon and theyre some of the biggest gainers. Are they traps of some sort. Would you be putting money to work in those . Where theres the biggest structural issues you see the biggest bounce back or snap back here which is why things get ahead of themselves. The best places to put money to work are in the best fundamental businesses so we dont have to make this massive prediction of things Getting Better all of a sudden. Theres structural hurdles for these markets doing as well as people are hoping them to do right now. Whats more porn . Getting the country right or the sector right . When you think about emerging markets a lot of people say china this and india that and they give you the big picture. Gdp is this, that stuff is probably not that important. Youre hitting at the heart of our religion. Its company and company is often followed by sector so we think in the emerging markets and we think about it this way all around the world. We want higher quality. Predictable growth stories and theres a number of them clearly. Thats where you need to focus on. Where do they take place . A lot of visibility and good economic returns and the best names within that space as well. And the index is flawed in its construction. A lot of people love the emerging markets story but what you get is a lot of western facing businesses and either export oriented or commodity oriented so you need to be specific on companies and they often lie in similar sectors. Good to see you. Thank you for coming on. He is the cio. Coming up, nike versus amazon. Microsoft versus apple. The first round match ups in our market madness stock tournament is up next and a look at the halftime portfolio leader board. Hes increasing his portfolios value up nearly 13 dr. J in is second. Were back right after this. T te trader offices. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. Td ameritrade. Weinto a new american century. Born with a hunger to fly and a passion to build something better. And what an amazing time its been, decade after decade of innovation, inspiration and wonder. So, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. Theno one surface. Out there. No one speed. No one way of driving on each and every road. But there is one car that can conquer them all. The mercedesbenz cclass. Five driving modes let you customize the steering, shift points, and suspension to fit the mood youre in. And the road youre on. The 2016 cclass. Lease the c300 for 399 a month at your local mercedesbenz dealer. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. 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French president hollande just made a raid and the suspect has been shot or wounded or anything like that and he says the raid is underway right now and its definitely related to the november terrorist attacks which killed 130 people including 89 at the theater. So its a still developing story. Were watching this live feed with you and well keep you posted on any further developments and of course scott is back in just a second. Coming up at the top of the hour on power lunch, the dow is back in the black. Should you sell into the rally . When is the right time to get out . Kevin oleary is here. And one manager tells us where hes getting up to 6 on his money. And apple versus the fbi, what role does Silicon Valley have in helping the government fight terrorists . A startup joins us. Well see you in ten minutes. Welcome back to the halftime report. March madness under way and so is our market madness. We whittled the field down to two stocks. Today we head out west for first round of matchups. Apple versus microsoft. Lets get the gangs pick. Apple, shocker. We talked about it. It is very cheap. It is down from 144. I like it has some catalyst as well, not just cheap for cheap reasons. I like you have a potential for upside. Is anybody here Picking Microsoft . By the way, i own microsoft. I like it. It was hard for me to choose. But the valuation is so compelling at apple first microsoft, but i like microsoft for the longterm, i think theyre doing a great job in the cloud. The stock is moving higher. I agree with steph, i like apple against microsoft shortterm. Josh brown . The only one Picking Microsoft. I like apple. I own apple. Microsoft looks like it is about to break out. It had some congestion, under 58. It is about to take that level out. Got inverse head and shoulders. I think the shorter term bottom is in. Once the stock gets going, if you look back, it really goes. Next phase is coming soon. Nike versus amazon, three people picked nike. To doc first who picks amazon. Why . I picked amazon, i started to pick up unusual activity after the stock had a little bit of an ease. You are going with the number one seeds. Going with a little upset. But it is the number one retailer in the world and i like that. Another inverse head and shoulders with moving average crossover happening within the next five trading sessions. I think it is bullish and i think it is breaking out. Chevron versus wells fargo. It split, two and two. Stephanie link, make the case for your pick, chevron. So i like the fact that they have got great assets. I like the fact they had a very strong Balance Sheet. That they have a good dividend over 4 . And what i really like is that theyre lowering their cost structure. They cut capex, focusing on cost across the whole company. I think their Free Cash Flow is going to improve over the next couple of quarters and actually over the next couple of years. Josh brown, you picked wells. Yeah, this is probably jpmorgan is great. This is probably the best bank in the country. I think it has got the most institutional shareholder support. Tends to not get hit as hard. And this sector is due for leadership. I would want to be long wells. I like chevron. It is a really well run company. I think it gives you a little more beta than some of the other massive oil companies. And so for that reason i like this one over wells fargo. Jim wells . Yeah, two things. Were seeing financials come back. We talked about that earlier. I think that continues. I just flat out dont believe this oil rally lasts, so cant be in chevron in that condition. Two versus two. Thats why we went to the twitter sphere. You all say wells fargo is moving on. Sorry, chevron. Thats the one moving on then. Alphabet versus cisco, another split. So twitter voted here. They say alphabet is moving on. Who has a problem with that . I dont have a problem with that. I own both. This is a really hard bracket for me. There is so many Wonderful Companies and theyre doing such good things. Google is not expensive. It is the least expensive of the f. A. N. G. If you want that growth at a reasonable price, google is the one. And they have better transparency with a new cfo. I think cisco, they have new management and they are on their game and they have been doing really well executing. And that stock is very cheap. So i like them both. You like cisco . No tears in market madness, wont see it here. The reason for cisco is two fold. The trend on this is clearly higher. Seems to have bottomed and moving up toward 30, i think past that. The other thing is they made a ton of acquisitions recently particularly positioning them in the internet of things. I think thats where they make a lot of money in the coming years. Look at a tenyear chart, this thing gets anywhere near 31, 32, you could see fireworks. Monday well trade the Southern Division and quick reminder, follow all the action for us, cnbc. Com halftime. Coming up, a look ahead to earnings next week. Some big names on the docket. Well discuss some of those right there on your screen including nike, general mills, kb home, krispy kreme maybe, maybe winnebago. John from fully invested to 60 cash today. Find out why he plans to put his dry powder to work when we come back. Jake reese, day to feel alive jake reese, day to feel alive jake reese, day to feel alive wont keep you up at night. N know you have insights from professional investment strategists to help set your mind at ease. Know that planning for retirement can be the least of your worries. With the guidance of a pnc investments financial advisor, know you can get help staying on track for the future youve always wanted. Hey kevin. Hey, fancy seeing you here. Uh, i live right over there actually. Youve been to my place. No, i wasnt. Oh look, you dropped something. Its your resume with a 20 dollar bill taped to it. Thats weird. You want to work for ge too. Hahaha, what . Well were always looking for developers who are up for big world changing challenges like making planes, trains and hospitals run better. Why dont you check your new watch and tell me what time i should be there. Oh, i dont hire people. Im a developer. Im gonna need monday off. Again, not my call. Quadruple witching day when options contracts expire. Thats when jon goes from fully invested to 60 cash by todays close. What are you looking at for monday and talk to us about this. I think far too many people judge when you look at their account two times a year. One if it goes down and two at the beginning of the year when things start off. This is a quad witch, like judge says, thats one of the reasons why i have so many calls ive written other calls against so as the market moved to the upside, everything is in the money, it will wipe out all of the trades and ill start with a fresh slate on monday. So 60 plus percent in cash. One area im looking at is over in the ebay. Because i saw unusual activity in that one. Bought that. I had to liquidate stuff to do it because if this happened monday, i would be all set up for it. I like that. Im looking over at some of the financial stocks, josh and steph were talking about one i wont ring up for you guys, but i like that stock too. Financials start working and thats an area of focus for me next week. Well see if that trend continues. By the way, guys, have a great weekend. Well see you on the other side. That does it for us. Power starts now. This is power lunch. Im Michelle Carusocabrera with brian, melissa and tyler. We start with breaking news out of belgium. A Major Development in the hunt for the suspected ring leader of the paris attacks. A live picture from belgium right now where we have been monitoring the situation all morning. Sue herera has the details. Thank you very much, michelle. Heres what we know at this hour. This was an operation that began at about 4 30 p. M. Local time. And it comes on the heels of a separate raid that took place yesterday in the town of forest. This particular raid is taking place in